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Dec 17, 2012
12/12
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first the fiscal cliff. something very important has happened in the discussion of the cliff. and it's not that it's about to be solved. you see, in the last few weeks it's become very apparent that the president doesn't really want to negotiate, or he would be offering some spending cuts to match the speaker of the house's recent offer to vote for some tax increases. he feels he is offering spending cuts. i don't see them. they seem illusory. they're saying they don't expect anything to come out of the negotiations to avoid the cliff. they've been saying it publicly, but from my two trips down there, they're saying it privately to me, too. that certainly sounds worrisome, right? but it's exactly the backdrop this stock market needs. think about the journey we've taken. we needed to go from extreme optimism, where we were originally about a deal, to a degree of optimism, where we've been just a couple of weeks ago, to a recognition that the president has said, look, i ran on higher taxes for the rich, not spending cuts. so we're going over the cliff. and i'll show you, republi
first the fiscal cliff. something very important has happened in the discussion of the cliff. and it's not that it's about to be solved. you see, in the last few weeks it's become very apparent that the president doesn't really want to negotiate, or he would be offering some spending cuts to match the speaker of the house's recent offer to vote for some tax increases. he feels he is offering spending cuts. i don't see them. they seem illusory. they're saying they don't expect anything to come...
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Dec 12, 2012
12/12
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>> the fiscal cliff is something he will talk about, say they have to solve this. he's talked before about the upside and said twice already the federal reserve cannot off-set the effects of the fiscal cliff. the fed could -- one idea -- the fed could keep a little bit of powder dry if we do go off the cliff, the fed has something it could do. >> mike duke last night the ceo of walmart spoke and he sa said -- they poll their shoppers all the time. a week before the election, 25% of walmart customers knew about the fiscal cliff. one week after the election, 75% of their shoppers know about the fiscal cliff and 15% say it means they will spend less on christmas. it's pre-telling, right? >> apparently the walmart shopper is more informed than the average american. we showed 70%. that's out there. it's something that affects people. it was clear in the data there was an effect of the fiscal cliff on overall economic attitudes. the more important thing we found is that it affects businesses and businesses slow down in capital spending. you're an economic student and you
>> the fiscal cliff is something he will talk about, say they have to solve this. he's talked before about the upside and said twice already the federal reserve cannot off-set the effects of the fiscal cliff. the fed could -- one idea -- the fed could keep a little bit of powder dry if we do go off the cliff, the fed has something it could do. >> mike duke last night the ceo of walmart spoke and he sa said -- they poll their shoppers all the time. a week before the election, 25% of...
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Aug 6, 2012
08/12
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fiscal cliff something that held people back. >> here is the thing. >> businesses are forward looking. of course, they are planning ahead. when you build a factory, or even hire a worker, you are thinking a year or five years or ten years ahead. you have to constantly plan ahead and you run the numbers through your spread sheet. if you there sbag chance tax rates are going to be higher, that reduces your after-tax return. businesses only studded only invest for after-tax profits. that's why they invest. if they fear the taxes will be higher they are going to invest less starting now. >> makes perfect sense, joe. >> maria, it does make sense. i agree with the logic. problem is i just don't see tonight the data. as i said earlier, businesses are spending. this is a very average economic recovery for business six investment. hiring has been weak. we have no idea how much of that is related to the fiscal cliff versus other structural impediments. i mentioned congress doesn't pass the stuff is crazy. about half of the fiscal cliff are things we know are going to get passed. medicare fix. a
fiscal cliff something that held people back. >> here is the thing. >> businesses are forward looking. of course, they are planning ahead. when you build a factory, or even hire a worker, you are thinking a year or five years or ten years ahead. you have to constantly plan ahead and you run the numbers through your spread sheet. if you there sbag chance tax rates are going to be higher, that reduces your after-tax return. businesses only studded only invest for after-tax profits....
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Dec 4, 2012
12/12
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, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington post" poll believes they should raise taxes on those over $250,000 a year. presumably president obama has seen these polls. so if there is a fiscal cliff and we go over it, the american public are likely to blame the republicans. >> well, that's absolutely true, piers. we've had an election and the clearest debate and the clearest difference in that election was over the question of whether the rich should pay more and tax rates should go up on the rich. everybody who paid any attention at all knows that the top 2% are now taking home a larger share
, to push people over the fiscal cliff. something's going on and it's not clear because he's not where he used to be. he's quadrupled the amount of taxes he demands. he now has to have rates instead of just numbers. it's going to be interesting what he is doing but it appears he's not trying to come to any agreement. his position is one that the senate, the democratic senate, has rejected in the past. >> robert reish, 60% of americans according to a new abc news/"the washington...
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Dec 21, 2012
12/12
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do you think this is all fiscal cliff or something else? >> consider this. we're down 18 in the s&p futures and we're 32 points off the lows, okay? so to me, this really sums up the whole discussion. listen, if you're one of these long-term players and you have an ironclad stomach and you don't turn on your tv, we're only down 17 or 18 points. but many who say you've got to avoid the volatility, they're right, as well. it depends on what your appetite is. i think if you're looking to buy good stocks, put in your bids lower, there's going to be more volatility. i'm not looking for agreement on either side. when you look at the fixed income markets, they're the adults in the sector room. granted, they're down five basis points on the day. one final note, as bad as all this may be, we're up 8% on the year on the dow and almost 14% on the year on the s&p. >> michael farr, you're usually a glass half full guy. are you confident that you still want to invest in this stock market even if we go over the cliff? >> of course. but, bill, i'm the half full kind of guy.
do you think this is all fiscal cliff or something else? >> consider this. we're down 18 in the s&p futures and we're 32 points off the lows, okay? so to me, this really sums up the whole discussion. listen, if you're one of these long-term players and you have an ironclad stomach and you don't turn on your tv, we're only down 17 or 18 points. but many who say you've got to avoid the volatility, they're right, as well. it depends on what your appetite is. i think if you're looking to...
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Dec 30, 2012
12/12
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WUSA
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no movement on the fiscal cliff as of yet. and the president said today one of his top priorities in the the new year will be immigration reform. i want to go around the table quickly. can he get something like that done? >> if the fiscal cliff process that he is involved in does not poison his relationship with the republicans in congress, perhaps. but if things get very bad now with the republicans in congress, maybe not. >> o'donnell: joe? >> i think one of the clearest lessons from the last election was the republicans have to begin to deal with the growing latino community in this country, and that there will be plenty of respects ready to vote for immigration reform. >> o'donnell: and, michael, the president always said today he is going to put his full weight behind some gun measures that would keep guns out of the hands of the mentally ill. can that pass? >> i don't know. one of the most interesting public opinion trends in the last decades is support in america for gun rights and same-sex marriage has increased, about
no movement on the fiscal cliff as of yet. and the president said today one of his top priorities in the the new year will be immigration reform. i want to go around the table quickly. can he get something like that done? >> if the fiscal cliff process that he is involved in does not poison his relationship with the republicans in congress, perhaps. but if things get very bad now with the republicans in congress, maybe not. >> o'donnell: joe? >> i think one of the clearest...
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Nov 18, 2012
11/12
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FBC
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something else to worry about. just in case the fiscal cliff wasn't enough. still to come, by "two cents more". and now it's legal to smoke pot in two states now, and i'm not talking about marijuana. if you don't live in the rocky mountains, you can gerri: some are calling it the gerri: grass, mary jane, marijuana goes by a lot of names. folks are calling it a good alternative investment. believe it or not. colorado and washington together, the first dates to legalize recreational use of marijuana. a growing industry that is worth a ton of dough. my next guest says there are many legal ways to get in on the action. joining me now is the president and ceo of a company in california we are talking about miracle matter monitor. how you invest in a? >> thank you for having me on your show. well, there is a plethora of different ways to look at the market. one of the easiest ways is you want to be an active investor or a passive investor. the second question that you ask yourself is do i want to be close to what i like to work in an ancillary or peripheral busines
something else to worry about. just in case the fiscal cliff wasn't enough. still to come, by "two cents more". and now it's legal to smoke pot in two states now, and i'm not talking about marijuana. if you don't live in the rocky mountains, you can gerri: some are calling it the gerri: grass, mary jane, marijuana goes by a lot of names. folks are calling it a good alternative investment. believe it or not. colorado and washington together, the first dates to legalize recreational use...
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Nov 16, 2012
11/12
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FBC
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something else to worry about. just in case the fiscal cliff wasn't enough. still to come, by "two cents more". and now it's legal to smoke pot in two states now, and i'm not talking about marijuana. if you don't live in the rocky mountains, you can still profit from this movement coming up next. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. thats a customer. let's tell mom. [ male announcer ] break from the holiday stress. fedex office. gerri: some are calling it the next invest in gold brush. that coming up next gerri: grass, mary jane, marijuana goes by a lot of names. folks are calling it a good alternative investment. believe it or not. colorado and washington together, the first dates to legalize recreational use of marijuana. a growing industry that is worth a ton of dough. my next guest says there are many legal ways to get in on the action. joining me now is the president and ceo of a company in california. we are talking about miracle matter monitor. how you in
something else to worry about. just in case the fiscal cliff wasn't enough. still to come, by "two cents more". and now it's legal to smoke pot in two states now, and i'm not talking about marijuana. if you don't live in the rocky mountains, you can still profit from this movement coming up next. having you ship my gifts couldn't be easier. well, having a ton of locations doesn't hurt. and my daughter loves the santa. oh, ah sir. thats a customer. let's tell mom. [ male announcer ]...
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Dec 23, 2012
12/12
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CNNW
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to avoid the fiscal cliff, and then he took off for ohio with a parting blast at the president that went off to hawaii. >> and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the holiday season is beginning to seem a lot more like groundhog day. when we return, long-time boehner ally and fellow ohioan steven latourette and south carolina's mick mulvaney. d®, i have the proven allergy relief of zyrtec®, plus a powerful decongestant. zyrtec-d® lets me breath freer, so i can love the air. [ male announcer ] zyrtec-d®. behind the pharmacy counter. no prescription needed. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delivery. by december 22nd santho, ho, ho!anta! santa! want to see some magic? watch this! merry chr... (crash) ow! i landed on my keys. did you get that? oh yeah. that was amazing. here y
to avoid the fiscal cliff, and then he took off for ohio with a parting blast at the president that went off to hawaii. >> and he refuses to challenge the members of his party to deal honestly with the entitlement reform and the big issues facing our nation. that's why we find ourselves here today. >> the holiday season is beginning to seem a lot more like groundhog day. when we return, long-time boehner ally and fellow ohioan steven latourette and south carolina's mick mulvaney....
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Dec 30, 2012
12/12
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the cliff as you say is something that occurs in nature. you come up on a cliff and if you don't slow down, you plummet to your death. this is a fiscal suicide vest. this is congress rigging the system and saying last year in 2011 it actually was, we can't be trusted to make good, mature decisions about what needs to be done. we're going to booby-trap the system, and if we can't act like adults this date certain, it will explode and be awful. it turns out enthuse kantd make the responsible decisions together. no one should mistake for a naturally occurring part of the legislative process. they created this disaster and can't deal with it. when they talk about how they wish he they could be home with their families, people will lose unemployment benefits. >> where do you see this ending? what's your gut instinct now? are we going to get -- because i hear from both sides at this point saying, well, we might be in a better position come january 2nd or 3rd or 4th. >> my gut instinct was we'd get a minimal stick deal at the last minutes. in the
the cliff as you say is something that occurs in nature. you come up on a cliff and if you don't slow down, you plummet to your death. this is a fiscal suicide vest. this is congress rigging the system and saying last year in 2011 it actually was, we can't be trusted to make good, mature decisions about what needs to be done. we're going to booby-trap the system, and if we can't act like adults this date certain, it will explode and be awful. it turns out enthuse kantd make the responsible...
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Dec 20, 2012
12/12
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CNBC
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so, is the fiscal cliff even something that can stop this, what seems like a great tail wind? >> well, i think, again, let's look at the fiscal cliff from two perspectives. if you stayed over that cliff, got help us. that's a big enough drag. however, we get a deal from washington, doesn't have to be a big frame work deal, we will have growth next year and we will have a lot of the good things you're talking about in housing, i think the corporate sector is going to pick up, as well. but again, you are giving the housing sector a drag of huge size in the beginning of the year. that's not going to allow us to grow at a 3% pace. >> can i ask you about that, that payroll tax? that is the $128 billion, over the course of the year, right? >> no, it's not over the course of the year. it hits payrolls on the first paycheck in january. you get a rise in taxes that over the course of the year is 1% of income, but in the first quarter annualized is over 4% of income. if you are thinking about gdp, we have a very big drag that's hitting us earlier in the year. it can be absorbed over a p
so, is the fiscal cliff even something that can stop this, what seems like a great tail wind? >> well, i think, again, let's look at the fiscal cliff from two perspectives. if you stayed over that cliff, got help us. that's a big enough drag. however, we get a deal from washington, doesn't have to be a big frame work deal, we will have growth next year and we will have a lot of the good things you're talking about in housing, i think the corporate sector is going to pick up, as well. but...
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Dec 16, 2012
12/12
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. >>> a potential breakthrough on stalled fiscal cliff talks. house speaker john boehner is offering something that he and other republicans really oppose, and that is raising tax rates on the wealthiest americans. that's the condition president obama has insisted on for any deal to avert a fiscal cliff, which by the way, is a little more than two weeks away. the president wants tax hikes on incomes above $250,000. cnn is told boehner proposed the increase start at incomes of $1 million in exchange for the president agreeing to more significant spending cuts. those are the headlines and back to candy crowley in newtown, connecticut. candy. >> thanks so much, dana. >>> up next, blame, shame, and moving beyond the terror. the parents of kids who kill. we're at walmart with the simmons family. how much is your current phone bill? four sixteen seventy six a month! okay, come with me -- we're gonna save you money. with straight talk at walmart, you get unlimited talk, text and data for only $45 a month per phone. would we get the same coverage? same
. >>> a potential breakthrough on stalled fiscal cliff talks. house speaker john boehner is offering something that he and other republicans really oppose, and that is raising tax rates on the wealthiest americans. that's the condition president obama has insisted on for any deal to avert a fiscal cliff, which by the way, is a little more than two weeks away. the president wants tax hikes on incomes above $250,000. cnn is told boehner proposed the increase start at incomes of $1...
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Dec 30, 2012
12/12
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so i think the two of them feel like they could get something done, but, i mean, time is ticking here. >> thank you very much and happy new year. >> hey, same to you, melissa. >> for more on the fiscal cliff negotiations i am joined now by democratic strategist richard goodstein and republican strategist terry holt. thank you both for being here. >> sure. >> hi, melissa. >> terry, let's start with you. what do you think is going on behind closed doors right now on capitol hill? >> i think i'm still talking about the "meet the press" interview by the president this morning. you know, the american people elected president obama to lead, but he spent most of the morning today playing the blame game, and i say let's get the blame game over with and start talking about solutions for the american people because, you know, every -- every dollar you take, you can take every dollar from every rich person in america and still not balance this nation's budget. until we start talking about real spending cuts and structural reform to the entitlement programs, we're going to go broke. we'll go the
so i think the two of them feel like they could get something done, but, i mean, time is ticking here. >> thank you very much and happy new year. >> hey, same to you, melissa. >> for more on the fiscal cliff negotiations i am joined now by democratic strategist richard goodstein and republican strategist terry holt. thank you both for being here. >> sure. >> hi, melissa. >> terry, let's start with you. what do you think is going on behind closed doors right...
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Nov 22, 2012
11/12
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MSNBCW
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your uncle at thanksgiving will say we have to do something about that fiscal cliff and really we have to do something to fix our sky rocketing deficit. our national deficit that he will tell you has been going up and up and up like a rocket and spiraling out of control like a something going out of control and paul ryan is just so right and if congress and president obama do not do something to stop the sky rocketing deficit, to sop up the red ink, if they don't by new years or whatever the emergency is supposed to happen we will go flying off the fiscal cliff and not like these guys that mean to do that but more like cliffhanger cliff on the price is right for which going over the cliff is a dire mistake. you will hear this at thanksgiving dinner table. when someone inevitably brings up the fiscal cliff and how our sky rocketing deficit is a huge danger to us, do not crawl under the table. do not give up on thanksgiving. help your giant uncle understand what he is freaking out about is not true. it is easy. there are visual aids that might help. first of all, the amount of money borr
your uncle at thanksgiving will say we have to do something about that fiscal cliff and really we have to do something to fix our sky rocketing deficit. our national deficit that he will tell you has been going up and up and up like a rocket and spiraling out of control like a something going out of control and paul ryan is just so right and if congress and president obama do not do something to stop the sky rocketing deficit, to sop up the red ink, if they don't by new years or whatever the...
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Nov 17, 2012
11/12
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FBC
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something else to worry about. just in case the fiscal cliff wasn't enough. still to come, by "two cents more". annow it's legal to smoke pot in two states now, and i'm not talking about marijuana. if you don't live in the rocky mountains, you can copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers for sudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breathing, ask your doctor if including advair could help improve your lung function. get your first full prescript
something else to worry about. just in case the fiscal cliff wasn't enough. still to come, by "two cents more". annow it's legal to smoke pot in two states now, and i'm not talking about marijuana. if you don't live in the rocky mountains, you can copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an...
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Dec 31, 2012
12/12
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congress. >> we are back with msnbc's special coverage of the fiscal cliff talks and that was democratic senator joe manchin of west virginia on the floor of the senate earlier speaking on the state of negotiations. joining me now, congressman tom cole, deputy majority whip in the house of representatives. good to see you, congressman. >> good to see you. >> does joe manchin have a point? >> no, of course not. quite frankly, we've gotten big deals done with the president before. the budget deal in april of 2011, the debt ceiling deal, the free trade agreements, the student loan, the transportation. but the negotiations have always been hard, tough, contention, for two reasons, two sides fundamentally disagree. second, quite honestly, democratic friends particularly the president never gotten serious about spending cuts. if they get all of the revenue they ask for won't come close to dealing with the fiscal issue. >> well, clearly democratic colleagues have a different view of that. let me play what chris van hollen said a short time ago. >> so far, speaker boehner has been held captive a
congress. >> we are back with msnbc's special coverage of the fiscal cliff talks and that was democratic senator joe manchin of west virginia on the floor of the senate earlier speaking on the state of negotiations. joining me now, congressman tom cole, deputy majority whip in the house of representatives. good to see you, congressman. >> good to see you. >> does joe manchin have a point? >> no, of course not. quite frankly, we've gotten big deals done with the president...
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Dec 26, 2012
12/12
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CNBC
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part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or march, but at the moment in a technical sense treasury secretary geithner is telling the congress we're hitting the debt ceiling at the end of this year which is the part of the, as i mentioned, part of an effort to get congress to step in and act, not only on the fiscal cliff but on the debt ceiling, bill. >> thanks very much for the breaking news. we'll keep monitoring the situation. thanks, john harwood. a look now at financial sector and whether or not you should put your money in the banks. >> 12 months ago there was a lot of buzz about the regionals, but now it's the big banks that have done re
part of the administration's earth to put pressure on the cook to do something about the fiscal cliff and the debt ceiling. treasury secretary geithner sent a letter to harry reid, the senate majority leader, saying the united states government will hit its statutory debt limit on december 31st. that is the same day that we would go over the fiscal cliff. now the treasury has certain steps they can take to avoid breaching the debt ceiling that will carry the government through february or...
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Dec 30, 2012
12/12
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the fiscal cliff isn't the only pressing legislation that's on congress's plate. there's also something called the farm bill. republicans opposed a measure passed by senate in june. saying it cost too much. if congress doesn't act, dairy farmers among others would no longer have a government safety net for prices and the cost of a gallon of milk could soar. here's agriculture secretary tom vilsack had to say on the state of the union. >> if you like anything made with milk you're going to be impacted by the fact that there's no farm bill. if if there is not an extension of the existing bill or a new bill basically on january 1st or shortly thereafter, permanent agricultural law goes into effect, which means the federal government will go back into the business of strongly supporting the dairy industry by raising the price support if you will or support for dairy products to $38 a double weight, almost twice what the price is today. >> vilsack says that the agricultural exports and farming families will also be affected if a farm bill is not passed. to the senate f
the fiscal cliff isn't the only pressing legislation that's on congress's plate. there's also something called the farm bill. republicans opposed a measure passed by senate in june. saying it cost too much. if congress doesn't act, dairy farmers among others would no longer have a government safety net for prices and the cost of a gallon of milk could soar. here's agriculture secretary tom vilsack had to say on the state of the union. >> if you like anything made with milk you're going to...
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Dec 19, 2012
12/12
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and then you are going to come into more fiscal cliffs. we didn't cut spending so we are going bankrupt. so how is that going to work out? >> right. and that is what i was thinking as you guys were talking. kicking the can down the road. it is not going to work for markets or businesses. they need sernl ti acertainty. that would be one of the worst case nascenarios to have this. i can you would see money flow out of the market. >> by the way, nancy pelosi wanted $1 million threshhold. everyone went back to the blogs running wild today. i've interviewed her a couple of times. can she get it? >> maybe. let me tell you what, whatever deal goes down, nancy pelosi is going to be the key to making it happen. >> all right we have to get out of here. thank you very much. next up the haeart ache and har good-byes continue in newtown, connecticut. good evening jay. >> reporter: good evening, larry, as you might imagine another rough day here in newtown, connecticut. first graders from sandy hook elementary gathered to bury two more of their classmat
and then you are going to come into more fiscal cliffs. we didn't cut spending so we are going bankrupt. so how is that going to work out? >> right. and that is what i was thinking as you guys were talking. kicking the can down the road. it is not going to work for markets or businesses. they need sernl ti acertainty. that would be one of the worst case nascenarios to have this. i can you would see money flow out of the market. >> by the way, nancy pelosi wanted $1 million...
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Nov 6, 2012
11/12
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cliff, something like 35 days to go before we have that deadline approaching. has there been any progress made in terms of maybe kicking that can down the road or at least trying to make sure there's some sort of agreement that's reached before then? >> well, you know, becky, so much of that depends on how we resolve that, depends on who wins this election, and that's why i believe strongly that mitt romney is going to win, because if you look at it, the fiscal cliff, what that means to the working people in this country and investors, their capital gains rates were going up, their dividend rates were going up, their marginal rates are going up, the death taxes are going up. marriage penalty taxes are going to come back in, so there's so many negative impacts in terms of going over this fiscal cliff, and mitt romney has said that he doesn't want to see tax rates go up on anybody, and would support an extension of existing rates, so it would give congress time to engage in real tax reform, which we've all been talking about, bringing down rates, simplifying the
cliff, something like 35 days to go before we have that deadline approaching. has there been any progress made in terms of maybe kicking that can down the road or at least trying to make sure there's some sort of agreement that's reached before then? >> well, you know, becky, so much of that depends on how we resolve that, depends on who wins this election, and that's why i believe strongly that mitt romney is going to win, because if you look at it, the fiscal cliff, what that means to...
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Dec 28, 2012
12/12
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my guess, is just a guess, that it has nothing to do with the fiscal cliff, it has something to do with the secretary of state's job. >> you would think so. >> reporter: but we don't know. >> eamon, thank you. more developments as they become available to us, and while the leaders in washington do try to tackle the fiscal cliff, at least the democratic leader in the senate has no problem placing the blame on one particular person when it comes to not getting anything done. senate majority leader harry reid had this to say on the senate floor yesterday. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover norquist. >> grover norquist joins us now exclusively here on cnbc. grover, we just heard you are the target of those comments, but did harry reid get it wrong, because i thought that your organization actually gave its blessing to boehner's plan "b." >> reid has it wrong on a number of le
my guess, is just a guess, that it has nothing to do with the fiscal cliff, it has something to do with the secretary of state's job. >> you would think so. >> reporter: but we don't know. >> eamon, thank you. more developments as they become available to us, and while the leaders in washington do try to tackle the fiscal cliff, at least the democratic leader in the senate has no problem placing the blame on one particular person when it comes to not getting anything done....
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Aug 22, 2012
08/12
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it has done its work on the looming fiscal cliff at the end of the year. the senate has done nothing. one would oust the president may be due something. so they do their job, they cannot reconcile the differences in the way the fiscal cliff. i really think it is time for the president to win on his party that controls the senate to get something done. because americans are already paying for this. if we go over this, we will pay in a deep and lasting might. gerri: do you think any leadership will emerge on this issue? any backroom negotiations or conversation between the aisles about getting this done? >> sure, there are those who have pieces of the various tax components. they are talking about how they can get it done. in the end, we have seen patty murray, saying that we should just run over the fiscal cliff, it will teach republicans what's in. if you have that kind of brinksmanship going on come you're from your not going to get central policies up front. gerri: we haven't had sensible policies in a long time. that would be a breakthrough. doug holtz-
it has done its work on the looming fiscal cliff at the end of the year. the senate has done nothing. one would oust the president may be due something. so they do their job, they cannot reconcile the differences in the way the fiscal cliff. i really think it is time for the president to win on his party that controls the senate to get something done. because americans are already paying for this. if we go over this, we will pay in a deep and lasting might. gerri: do you think any leadership...
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Dec 30, 2012
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will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress thinks is a good deal. >> chris: i'm not sure it is a good deal but avoids the worst of the fiscal cliff. senator bayh -- obviously, we don't know, what is your sense, no filibuster in the senate? you heard lindsay graham and do republicans pass whatever the senate agrees to? >> the odds are somewhat better than 50/50 we get a minimal deal in the senate. not one that solves our debt problem, as you pointed out earlier and this is a prequel to going through it again around the first of march over the debt ceiling and getting us through this crisis, slightly better than 50-50 and the real que
will congress pass something in the next 48 hours, something? to avoid the fiscal cliff? >> i don't know. but, i guess, probably. and it will be a bad deal but i suppose better than doing nothing. and, every working american's taxes will go up january 1st if they do nothing about the payroll tax, a pretty big increase, and, defense cuts and everyone agrees, with that policy to have middle class americans' taxes go up, and, it totally irresponsible defense cuts and this is what congress...
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Dec 26, 2012
12/12
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that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major reason why the markets are holding up so well? if you look at the havens, gold, treasuries, for example, the dollar, there's no sign of panic in the haven. >> silver is down. you've seen a little bit of a lift in the vix, closer to 20. that's not bad, a normalization type of thing. treasuries have sold off a little bit. that means the patient is leaving the hospital. the patient was on intensive care earlier in the year back in june. the biggest day of the year was june 19th. that's the day of the second greek election when that guy came in who did not take them out of euro to. meet biggest things that happened this year wer
that having been said the fiscal cliff will turn out to be not a maxi deal but a mini deal and will clip the economy not by 1% but a 2% and a 60% chance something will get done but that's where we come out on it right now. a little bit harder hit to the economy. >> don't adjust your sets, everybody. this is what bob sounds like today. >> this is a different exchange here. >> not doing your imitation of david? >> what do you think that the seasonal factors are a major...
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Dec 31, 2012
12/12
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if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans, or to do something to reduce the suffering inflicted on our citizens by an inflexible political system. mr. president, i choose to do something. today i am introducing the act -- the cliff alleviation at the last minute act. the act would do three important things. it will soften the financial blow the fiscal cliff, it will colmar financial markets, it gives us the certainty of a plan. it allows us, if we ever find the courage, to pursue the fiscal grand bargain that has eluded us so far. the financial markets are watching us and getting warmer -- nervous by the hour. we need to assure the market will of making good financial decisions. this bill is not something i'm excited about or proud to
if we are determined to go over the cliff, as we seem, we have to do something to stop and the landing. at the bottom of the fiscal cliff are immediate and massive tax increases, deep and indiscriminate spending cuts, and a risk of another recession. if we come down on the final hours -- we have to bang choices -- to do nothing and cause an unbelievable amount of hardship for our fellow americans, or to do something to reduce the suffering inflicted on our citizens by an inflexible political...
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Dec 5, 2012
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ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support them. >>> and "the daily show's" jon stewart says maybe we should go off the fiscal cliff. >> back and forth of offers. it's pretty clear the republicans aren't going to come to the table with anything reasonable. i'll be the one to say it, i know it will be disastrous and doom our economy for years to come, let's go over the [ bleep ] cliff. fine. just leave the negotiating tables and send us over the cliff. you know why? at least for a few seconds, it will feel like we're flying. >> all right. that's going to wrap things up for me today. thanks for your time. see you back here tomorrow at 11:00 e
ted nugent weighs in on the fiscal cliff fiasco something he said we drove off a long time ago. he writes in "the washington times" social security, medicaid and medicare spending needs to be slaughtered and let's stop the insanity of the right to vote of any american on welfare. once they get off well taer and are self-sustaining they get their right restored. no american on welfare should have the right to vote for tax increases on those americans working and paying taxes to support...
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cliff the defense budget is safe yet social security benefits for seniors are in danger there's something wrong with this picture joining me now to offer his take on this is neil mccabe senior writer of human events online and editor of the guns and patriots column neil welcome back good to be with some and thank you for the cup conservative clout to say human events yeah so you brought a white cloth that i can shoot at with that arrow is that official clout from marion webster very strong yeah. i know you didn't bring a white cloth so let's get to surrender either first of all. scott walker scott walker really riveted of the year for human events that was announced this afternoon so it's a lot about human events thank you. for the attack right is it right is their right to screw millions of americans with regard to social security not even touched of defense funding and for that matter i mean why are we even talking about social security let's get up and do are you going to ask me how long i've been beating my wife i mean this is like one of these crazy questions the the you were talking
cliff the defense budget is safe yet social security benefits for seniors are in danger there's something wrong with this picture joining me now to offer his take on this is neil mccabe senior writer of human events online and editor of the guns and patriots column neil welcome back good to be with some and thank you for the cup conservative clout to say human events yeah so you brought a white cloth that i can shoot at with that arrow is that official clout from marion webster very strong...
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Dec 28, 2012
12/12
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the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and won't be here until sunday. we all know that what happens here in washington, is that nothing really happens until they're really up against the deadline. that's why i'm also told by some democrats who really know what the process is going to be, if there is one, that they don't even see this potentially happening, if there is any kind of legislation that goes before december 31st, until probably that day, december 31st, because the pressure will have to be on to get enough republicans in the house and the senate, to pass this. >> right up to the edge. thank you, dana. thank you, jessica. now,
the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take advantage today of the fact that the house republican -- the republican-led house, rather, is not here and...
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Aug 22, 2012
08/12
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congress needs to do something to water down the fiscal clef. as the cbo report said earlier, if we do nothing about the fiscal clef this will throw the economy into a recession in the first quarter of next year. i'm a business manager and i know potentially a recession could be on the horizon of washington does not act i'm going to be very hesitant to either buy new equipment or hire new employees. david: thank you very much. good to see it. >> thank you. david: the jury began deliberations in the apple verses samsung patent trial, not just the future of these two companies estate. the results could shake up the whole industry. liz: leaving the sports world for the business world. former nfl player and the olympic spirit tells us why he left a successful athletic career to run a business that has now grown from just ten people to more than 150 n.l. lead to years. you have to hear this story. it's great. ♪ david: the apple samsung patent trial could be days away from reaching a verdict as the jury begins deliberating, but that two and a half b
congress needs to do something to water down the fiscal clef. as the cbo report said earlier, if we do nothing about the fiscal clef this will throw the economy into a recession in the first quarter of next year. i'm a business manager and i know potentially a recession could be on the horizon of washington does not act i'm going to be very hesitant to either buy new equipment or hire new employees. david: thank you very much. good to see it. >> thank you. david: the jury began...
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Dec 13, 2012
12/12
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we've asked in the survey how serious a problem is the fiscal cliff? and you get 68% of the people saying it's a very serious problem, which tells you something when you're talking about something abstract like tax and budget politics which people don't ordinarily pay attention to. they've gotten it. but what we're seeing in this poll, joe, is the after glow of the election. typically when presidents get re-elected, the partisan fighting stops. their numbers rise. the president's approval rating 53%. when you ask, who do you trust to handle the fiscal cliff, it shows how the president has the upper hand. 38% say they trust president obama. that's twice as many as trust speaker boehner, although the 38%, of course, is under 50%. >> 38%. oh, man. but when you look at the potential solutions, does obama have a mandate? we asked that question. you see very big numbers, 68% says he has a mandate to cut taxes for people who earn less than 250k. 65% say he has a mandate to raise taxes on the wealthy while cutting spending. both elements are important. and whe
we've asked in the survey how serious a problem is the fiscal cliff? and you get 68% of the people saying it's a very serious problem, which tells you something when you're talking about something abstract like tax and budget politics which people don't ordinarily pay attention to. they've gotten it. but what we're seeing in this poll, joe, is the after glow of the election. typically when presidents get re-elected, the partisan fighting stops. their numbers rise. the president's approval...
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Dec 27, 2012
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cliff. that's something that's kicked down the road as they try to deal with the tax numbers. >> sounds like fun. thanks so much, peter and mike. and straight ahead this afternoon, the real cost of continued silence about the fiscal cliff from our leaders in washington. their failure to lead speaks volumes. but what does it really mean for your bottom line? straight talk from "fortune" magazine. that's next. [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all you need is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. citi price rewind. with a new project in mind, some how-to knowledge to give
cliff. that's something that's kicked down the road as they try to deal with the tax numbers. >> sounds like fun. thanks so much, peter and mike. and straight ahead this afternoon, the real cost of continued silence about the fiscal cliff from our leaders in washington. their failure to lead speaks volumes. but what does it really mean for your bottom line? straight talk from "fortune" magazine. that's next. [ male announcer ] it's that time of year again. time for citi price...
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Dec 21, 2012
12/12
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the fiscal cliff meter. >> get to zero or something. thab they're ready for it to go to a quarter. but it definitely has gone -- >> going in the wrong direction. in the meantime let's check out shares of wall green there on your screen. the drug chain earning 58 cents per chair, including certain items for its latest quarter. that is well below estimates of 07 cents a share. the company says nonoperational factors were a key drag on profits. and the underlying business is strong. i'm surprised they have any problems. but nonoperational. i can't feel bad myself. >> what are you buying there? >> this past week a lot of pedialyte. >> pedialyte? >> a lot of pedialyte for the so sorkin family. >> does that help with digestive things? >> gatorade? >> an awful lot of fluids. >> and we got the sound effects to prove it. >> that's always ready to go. >> just like all in the family. >> that was in the background. >> the christmas countdown continues with three shopping days left until christmas. who are the big winners and losers? joining us to talk more about it is jpmorgan senior analyst m
the fiscal cliff meter. >> get to zero or something. thab they're ready for it to go to a quarter. but it definitely has gone -- >> going in the wrong direction. in the meantime let's check out shares of wall green there on your screen. the drug chain earning 58 cents per chair, including certain items for its latest quarter. that is well below estimates of 07 cents a share. the company says nonoperational factors were a key drag on profits. and the underlying business is strong....
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Aug 28, 2012
08/12
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>> well, i think the fiscal cliff, i don't know how that will play out. but if there's a lot of argument and inability of congress to do something, it could hurt confidence. the same thing that happened when we threatened to default on the national debt. that was a big hit to confidence. dagen: and do you think interest rates will decidedly head higher from here, or are we japan, and we could wait to buy a home ten years from now? >> well, interest rates have been declining for 30 years now. and they are getting, you know, inflation index yields are -- some of them are negative. they can't keep going down. what's happening next? i don't know. but yeah, that's why there's two things happening that look good for housing. it's the sudden start of an increase in home prices and remember home prices are not a random -- they have momentum. and the other thing is record low interest rates. the average mortgage rate now is 3.55%. so you know it is tempting to go into the housing market now. dagen: more than tempting. bob, thank you for being here. it was great to
>> well, i think the fiscal cliff, i don't know how that will play out. but if there's a lot of argument and inability of congress to do something, it could hurt confidence. the same thing that happened when we threatened to default on the national debt. that was a big hit to confidence. dagen: and do you think interest rates will decidedly head higher from here, or are we japan, and we could wait to buy a home ten years from now? >> well, interest rates have been declining for 30...
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Oct 23, 2012
10/12
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. >> you also said you factored in the election results because goldman was saying, unh-unh, fiscal cliff is something we haven't got in the market yet, but we may have it. >> i don't know if i filtered it in, but you can actually make a probablistic estimate of what's going to happen dollar-wise. it's not an up/down thing. it's not something that's either this tremendous immediate disaster overnight or it's nothing happened. it's kind of an incremental drag on the economy. >> unless it's part of a loss of confidence. and what's caught a lot of people's attention today is the idea that in two weeks time, if romney wins, suddenly we have a man who's going to try to push the federal reserve away from helicopter ben. and therefore the market quite legitimately should factor that in 18 months down the line suddenly when bernanke isn't there, and so rates should move. that's what's in the new york times today. >> what world have we all lived in that a potential change in monetary philosophy 14, 18 months away is somehow massive uncertainty? normally in this market, we deal with fed policy bein
. >> you also said you factored in the election results because goldman was saying, unh-unh, fiscal cliff is something we haven't got in the market yet, but we may have it. >> i don't know if i filtered it in, but you can actually make a probablistic estimate of what's going to happen dollar-wise. it's not an up/down thing. it's not something that's either this tremendous immediate disaster overnight or it's nothing happened. it's kind of an incremental drag on the economy. >>...
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Dec 24, 2012
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happy holidays to you and yours. >>> well, concerns over the fiscal cliff appear to be weighing on shoppers around the country. consumer confidence hit a five-month low. bloomberg reporting that on-line sales -- that compared with 16% this time last year. i'm joined now by rick newman, chief business krbt for u.s. news and world report. rick, it's good to have you here. as we talk did bsh we've been talking about the stalemate for weeks now about the fiscal cliff in washington d.c. how many affect does that really have on consumers during the holiday season? >> i'm surprised it hasn't had more of an affect. we're really only starting to see it seep into consumer thinking, i think, in the last few days, and to hear that washington has basically left town. it looks very dire for some kind of big deal, and, yet, holiday spending seems to be holding up so far. i mean, anecdotally is t seems to be holding up anyway. we won't know for sure until after the holidays. they seem to be saying, yeah, we know there's some problem in washington, but it's almost as if they're tuning it out and saying we'r
happy holidays to you and yours. >>> well, concerns over the fiscal cliff appear to be weighing on shoppers around the country. consumer confidence hit a five-month low. bloomberg reporting that on-line sales -- that compared with 16% this time last year. i'm joined now by rick newman, chief business krbt for u.s. news and world report. rick, it's good to have you here. as we talk did bsh we've been talking about the stalemate for weeks now about the fiscal cliff in washington d.c. how...
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. >> but it hasn't been a very encouraging week for people who think that the fiscal cliff is not something that we want to go over and i think that the president's proposal that was put on the table was something that republicans were not going to accept, even close to accept, so it had the air of bizarre. you know, bargaining. but put a really high price out there so that when you start the negotiating -- >> when will the real negotiating begin? congressman cole? >> i want to thank the president and secretary geithner for reuniting and re-energizing the republican caucus. because that offer -- they must think that john boehner is santa claus, because it was a christmas wish list, it wasn't a real proposal. at the end of the day, do i think we'll arrive at a deal? i do. >> but you heard secretary geithner right there, and i want to get congressman ellison in this as well. they're not going to come forward with anything new right now? >> i don't know -- there's a little bit of chicken going on here in terms of gamesmanship. we'll have a lot of discussion. i don't think we need to put a form
. >> but it hasn't been a very encouraging week for people who think that the fiscal cliff is not something that we want to go over and i think that the president's proposal that was put on the table was something that republicans were not going to accept, even close to accept, so it had the air of bizarre. you know, bargaining. but put a really high price out there so that when you start the negotiating -- >> when will the real negotiating begin? congressman cole? >> i want...
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Dec 28, 2012
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different than the fiscal cliff. the kind of things eamon was just talking about. so i'm ready to make some of my own calls. >> we'll take that, but -- i just need you on the cliff for a second. >> sure, no i understand. you need me on the cliff. for a long time -- for a long time i've been saying it's really questionable, a real linchpin here is whether john boehner can bring his troops along. i think we have pretty strong evidence of that a real tough one for him. at this point, unless he's willing to say, i'll allow a vote to get over the transom with majority democrats then it looks to me like we're going over the cliff and i don't think he's willing to do that before the end of the year. i do think relative to something you guys were just talking about, that a bungee jump scenario is actually kind of plausible. and i think that's what they may be talking about at the white house today. how can we quickly reverse the damage? >> okay. now that we've ghot. the cliff out of the way, what's are number one biggest, mo
different than the fiscal cliff. the kind of things eamon was just talking about. so i'm ready to make some of my own calls. >> we'll take that, but -- i just need you on the cliff for a second. >> sure, no i understand. you need me on the cliff. for a long time -- for a long time i've been saying it's really questionable, a real linchpin here is whether john boehner can bring his troops along. i think we have pretty strong evidence of that a real tough one for him. at this point,...